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Updated about 1 year ago on . Most recent reply

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Tyler Hedegard
  • Austin, TX
1
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STR License Question - Need help with the definition of "primary residence"

Tyler Hedegard
  • Austin, TX
Posted

Hoping someone might be in a similar situation and can shed light on this.

My wife and I live in Texas, and are interested in a property in Denver as an STR, but we are worried we may not qualify under their licensing rules. It states that the property must be your primary residence, and defines it as, "Primary residence means the place in which a person's habitation is fixed for the term of the license and is the person's usual place of return. A person can have only one (1) primary residence." Section 33-46

We plan to use the property in Denver at least twice a year.  It will be our only property in Denver, and in Colorado, and therefore it is our "primary residence" there, so I'm wondering if that fits their definition of primary residence .

I'm hoping there are some of you with an STR in Denver that is not your main home and can shed some light in how this section of the code is applied? Or anyone with experience that can definitively state that our scenario is not allowed? I'm 80% that we do not qualify, but hopeful that I'm wrong.

We considered adding a contingency to the offer tied to us getting approved for the STR license, but you cannot apply until you own the property...

Thanks in advance for your insight and help,

-Tyler

P.S.  Just joined the community here.  First post!

  • Tyler Hedegard
  • Most Popular Reply

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    Eric M.
    • Flipper/Rehabber
    • Louisville, KY
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    Eric M.
    • Flipper/Rehabber
    • Louisville, KY
    Replied

    Primary means PRIMARY. You can only have 1 primary residence and you state that is in Texas. You can't have a different primary residence for each state.

    Every home you own that is not your primary (ie the one you file Federal taxes under and primarily live in) is a second home.

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